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<br />(4} That in the event the Mortgagors tail to pay when due aqy razes, 1!ens, 1udgaents, or assessments, or tail to
<br />main Cain insurance as Aereinbefore provided, or fail to pay rents, Sees, ar charges under the terms of arty lease, ~i
<br />~. f11 psiait, 2ieense, or privilege; ar Mortgagee is required to _ncur expenses for abstract teen, attorney fees, costs, #
<br />expenses, andot*er charges in connection with 11 Ligation, Mortgagee may make such Dgyment or provide sueh insurance,- r#
<br />~; ~' Incur such obligation, aad the amounts paid therefor shalt become a part of the Lndebtednesssecured rieretpr-due
<br />}[~ and payable iaroediately, a!M sha21 Dear interest from the date of payment at the same rate as provided for default !(-
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<br />^ °~ (g} -442at-1tt-thy €v€nt any awnr€is-ar= made 2^ *=he Mortgagors cr their sucressars in interesC far taking ar .damaging ~)
<br />f) DY the exorcise of eminent domain the whsle rr any part of the mortgaged promises or any easement therein, the said iI
<br />- F~~ awards are hereby assigned to the Mortgagee; the Mortgagee is hereby authorized to collect,-reeeive,.and recelpC - li
<br />~ therefor aad to apply the same in paymenC a* any lndebLedness, matured or unmatured, secu*ed by this mortgage: _ l
<br />i ~S {8} That In the eveaG Mortgagors default 1r_ the payment at said principal sum, ar of aqy 1nsLa1lmenL thereof, o_* (~-
<br />f -1E tI 'af e[q• interest thereon, at the time saTen Lhe same shall De due, or wl th respect to any covenant or condition hers- I~
<br />6 ~~[ aS, then, at Che optlen o1 Mo.^tgagee, the entire fndeDtedness securec+ hereby shall forthwith trecome due and yayable, ;
<br />f ffiisll Dear interest aC the default rate described Sn said Hate, and the Mortgagee may Immediately-foreclose Chls
<br />~.#~ mortgage ar pursue any other avaI1a61e legal remedy. ~~
<br />i (7) That in the event action is brought to Foreclose this mortgage, the Mortgagee shall De entitled Lo limaedlate ~;
<br />~ ~- possession of the mortgaged premises, and the court may appoint a receiver to Lake possession of said premises, witri - ~;
<br />O~ .the usual powers of receivers in Iike cases. j( ' -
<br />- I~t (8} That failure or delay of Mortgagee Lc exercise any of its rights er privileges shall not De construed as a k ~~
<br />I xaiver thereof; that any act of tortgagee Fairing arty specific detault of Mart gagers shall not Da cans Crued as a t4 ~~
<br />{~~ waiver of aqy future defaults; that. Sn eve of default in the payment of why amortization Snstall.•nents or Snterest, 1;
<br />ar Sn case of payment by Mortgagee cf Zr~y !Sen. 1u~ent, tax. insurance, asst or expense, or rents, fees or charges, I ~~
<br />- said Mortgagee shall haro_ the privilege, wi LhouL --,eclar!ng the whale Sndebtedness due and payable, to foreclose on [
<br />`fs ~Sacaunt of such spec!fle Cefault for such sums as are In default and _uch foreclosure proceedings may be had and I ';:
<br />- !j; the land desarlDed herein may be sold, sntrl ec t- La ~;he unpaid SnCebtedness hereby :ecureC, end Lhis mortgage shall I
<br />41 cantlaue as a ILen for ar>y unpaid Dalanoe. ~"
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<br />- _ }~S S} That the Mortgagee may extend aid defer the mat•,iri ty o:^ ant °?new and rearart Sze said Srdetrtedness, release f
<br />_ }rcm: 1labili ty any party liable thereon, and release ir~r? Ze -Ie he ' -art one of Ltte property rovereQ hereby ~ ;;
<br />without affecting the pricr'_Ly .hereof ar tGe liability - -a ..q ~- •-?ce- a -r cr the payment of sa1C
<br />-;; 1ndeDLedness, all soon extensions, de.*erments. re.^.ewa1~. -:r-, _ir~r~i -_... on.. ~.. .- sc...~.,d her=by. t -
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<br />~~~ (10) Transfer of Security. It is agreed aetween *he rarile° -^?r?t::, C:eL^ h21rs, Legal representatives and assigns, `
<br />'1 { Lhat the Integrity and respansiblllty at the Mert;,agcr ^c _itutas ~ p:s't of the conslderatian far the note sec.u•ed ~ i•,
<br />- hereby, and LhaL 1n Lhe event the Mortgagors shal'_ sell,~'ransfer.o '.anvey the Lreperty described herein, the -
<br />Mar*_gagee may aL its option deciaze the ant ire SadaDtedness im^edT2tely C.ie PsC ,payable and may proceed ±n the en- -
<br />i(i forcemenC of its rights ss oa only ether default Sn the terms 'if r.~ note and mortgage. ~ ,
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<br />fiords and ^hra.s¢s here irz., i~c +rr~sr.~r~e :c kro!~lea~serr +~.~ ~p+S -vs - ^.e .. on..ir~3 as ir. :rte sirzguCar e+ 9lura~
<br />t mr~bers and as +rrsca.srte, fe^snsrse, :.eater q- .ie acccr-..:n:f ., .-~ .^*: aze.. ~
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<br />-~! _ n~ RUY AOfriCht2r (SEAL] 4 j
<br />i € SAL". ~~ ~'~` ~1J - ~7 ~3-7~Tz-.i..cfs~i~,aEAL3
<br />an a W.-tic ter f .
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<br />rl ~ STATE OF ~e L P a5 C-a
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<br />i i,YJ"t7NTY CF~tI
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<br />- ~~ ( ~ this _L_,_day of ~~6r µur~ P.D-, _~~, bet-=- -e. '- ~,rsr,~ Public ±n anC fcr safC Coanty a ,
<br />i ~ ftu Etofrichter (also knoam as Ro E. Hofrichter) and Waftda Sd,
<br />SLBLe, personal lY aype=red . Y Y
<br />~~ ~ffiofrichter, husband and wife,
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<br />~" La me known. LO be the persars Hamad '_.^. and ~+vY:o ex?coral 'ha faragelr.g ins!:-urent. ~.d acknowledged that [hey axe^ur_ad
<br />t1 ~ Lhe sere as their voluntary act end de
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<br />f? ~ ~r7pe or qr in: na ~ under signet oral ,:
<br />- i{ i fiw~ Fat 2'!~4 iJa nary Ribll^ .,, and for sal•3 Coon Ly and _Lata !~
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